Key indices of the Nigerian Exchange (NGX) closed on Wednesday with a marginal growth of 0.04 percent on renewed bargain hunting.

Accordingly, the All-Share Index grew by 15.31 points or 0.04 percent to close at 37,872.55 from 37,857.24 recorded on Tuesday.

Thus, the month-to-date and year-to-date losses moderated to 0.1 percent and 6.0 percent, respectively.

In the same vein, the market capitalization inched higher by N8 billion to close at N19.732 trillion against N19.724 trillion on Tuesday.

The positive performance was driven by price appreciation in large and medium capitalized stocks amongst which are; Total Nigeria, MTN Nigeria Communications (MTN), NCR Nigeria, Capital Hotel, and PZ Cussons.

Accordingly, the market closed positively with 18 gainers relative to 11 losers.

Capital Hotel led the gainers’ chart in percentage terms with 10 percent to close at N2.64 per share.

NCR Nigeria followed with 9.89 percent to close at N3, while Unity Bank appreciated by 6.78 percent to close at 63k per share.

Total rose by 6.06 percent to close at N168, while FTN Cocoa Processors gained 5.13 percent to close at 41k per share.

On the other hand, Linkage Assurance led the losers’ chart in percentage terms by 5.41 percent to close at 70k per share.

Cornerstone Assurance followed with 5.36 percent to close at 53k, while Oando lost 4.14 percent to close at N3.01 per share.

NGX key indices open week with 0.02% marginal growth

Consolidated Hallmark Insurance dipped 2.86 percent to close at 68k, while Access Bank shed 2.17 percent to close at N9 per share.

However, the total volume of shares dropped marginally by 0.02 percent to 197.23 million units valued at N2.14 billion exchanged in 3,610 deals.

This was against 197.28 billion shares worth N1.92 billion transacted in 3,567 deals on Tuesday.

Transactions in the shares of the United Bank for Africa topped the activity chart with 35.92 million shares valued at N269.55 million.

Access Bank followed with 28.65 million shares worth N259.58 million, while Zenith Bank accounted for 17.65 million shares valued at N424.69 million.

UACN Property Development Company traded 13.77 million shares worth N20.04 million, while Guaranty Trust Holding Company transacted 10.37 million shares valued at N304.52 million.